This one here is a lil tricky n need more conviction see one must know when to watch n this one is more of a watch I’ll explain it all as an example of the things we discuss in class.
By all means this is accumulation
But this doesn’t mean a mark up accumulation can fail if not enough buyers are wiling to participate n that’s I I see here n I have a great hint on what they may do next..
1. This is like a bottom reversal not a shakeout or fake out the latter are manipulated a bottom reversal is more of a liquidity grab from smart money (buyers) please understand the difference if not attend our class! It’s important as everything else on this profile family
So it’s a sign of buyers stepping in here over manipulation of retail traders
2 the important part of the puzzle after this move is the following thru to buy
Note the next bar has a high tail n the volume drop dramatically after the reversal move into the top of the trading range .. this is weakness period ! Yet this doesn’t mean they won’t buy most likely they won’t .
But let’s cont plz!
N let’s understand how psychology trading works
3 note how it retraced into 1.. the proof is the rapid mark up of 3 with a low tail n high close!. But the outcome was a straight push dwn to 4 and out the tr! This cannot be nothing else but weakness . And sellers are very strong n aggressive! ..
4. There’s a micro pullback exchange at the breaking of the Lower range this could has absorb selling pressure to some degree
5 but sellers still close the run low from their aggression while the buyers closed high but theirs a wick on the bottom reversal move and the volume was ultra n ideal I would like to see that move close higher than the 1 st bear move in the 2 part reversal here. Now that may be to ease to give up for ppl like us but even a break above the bear high would had been nice but we didn’t get either and than a weak run to the top of the trading range ultimately leading to 5 ( priced at the breakout point).
And I bet they see all this just in the same fashion as we do lol I guarantee that everything is here u just got to know how to decode it n that’s what we do in class! Every London session!
Now what I think they will do and what I would do n like to see happen is a run up to these double highs here a break and a retest at the low of the trading range ,,
This can extent the tr especially if buyers are sediment about the level they would want to shake out sellers
So an extended range will be a good buyer move if we get a failed retest from the tops . If they are not ok with the condition then price will pullback into the range n bust the reversal for a cheaper possible buy later ..
So imo this pair is a battle u don’t want to jump into.. a bad mistake done by retail traders when they don’t understand what’s going on under the hood ..
It takes time n dedicate to understand price n it can be taught correctly!
By all means this is accumulation
But this doesn’t mean a mark up accumulation can fail if not enough buyers are wiling to participate n that’s I I see here n I have a great hint on what they may do next..
1. This is like a bottom reversal not a shakeout or fake out the latter are manipulated a bottom reversal is more of a liquidity grab from smart money (buyers) please understand the difference if not attend our class! It’s important as everything else on this profile family
So it’s a sign of buyers stepping in here over manipulation of retail traders
2 the important part of the puzzle after this move is the following thru to buy
Note the next bar has a high tail n the volume drop dramatically after the reversal move into the top of the trading range .. this is weakness period ! Yet this doesn’t mean they won’t buy most likely they won’t .
But let’s cont plz!
N let’s understand how psychology trading works
3 note how it retraced into 1.. the proof is the rapid mark up of 3 with a low tail n high close!. But the outcome was a straight push dwn to 4 and out the tr! This cannot be nothing else but weakness . And sellers are very strong n aggressive! ..
4. There’s a micro pullback exchange at the breaking of the Lower range this could has absorb selling pressure to some degree
5 but sellers still close the run low from their aggression while the buyers closed high but theirs a wick on the bottom reversal move and the volume was ultra n ideal I would like to see that move close higher than the 1 st bear move in the 2 part reversal here. Now that may be to ease to give up for ppl like us but even a break above the bear high would had been nice but we didn’t get either and than a weak run to the top of the trading range ultimately leading to 5 ( priced at the breakout point).
And I bet they see all this just in the same fashion as we do lol I guarantee that everything is here u just got to know how to decode it n that’s what we do in class! Every London session!
Now what I think they will do and what I would do n like to see happen is a run up to these double highs here a break and a retest at the low of the trading range ,,
This can extent the tr especially if buyers are sediment about the level they would want to shake out sellers
So an extended range will be a good buyer move if we get a failed retest from the tops . If they are not ok with the condition then price will pullback into the range n bust the reversal for a cheaper possible buy later ..
So imo this pair is a battle u don’t want to jump into.. a bad mistake done by retail traders when they don’t understand what’s going on under the hood ..
It takes time n dedicate to understand price n it can be taught correctly!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.